Challenge-trg Group acquires Twenty20 Capital’s PMP Recruitment

Challenge-trg Group has acquired PMP Recruitment from investment house Twenty20 Capital for an undisclosed figure, bringing group revenues to over £750m.

A Challenge-trg statement said: “The combined knowledge and experience of the group will offer specialist, bespoke end-to-end logistics solutions in recruitment, training, driving, warehouse operatives and haulage, underpinned by its own supply-chain technology.”

The deal also sees Jamie Reynolds, group CEO of Cordant Group, PMP’s parent recruitment organisation, join Challenge-trg’s board to support “long-term client relationships, transition and integration”, the Challenge-trg statement said. Before becoming group CEO at Cordant in March 2020, Reynolds was PMP’s managing director and also had held the role of Cordant group commercial director.

Tom Cropper, group CEO of Challenge-trg, hailed PMP as “a leader in establishing protocols in the abolishment of modern slavery”, reflecting values which he said aligned with the other company. “Challenge has focused on creating a work environment that develops and supports our employees,” he said.

The company will now employ over 500 group operational staff and over 40,000 temporary workers. 

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